Shinagawa Refra Co., Ltd.
Notice Regarding Transfer of Fixed Assets and Recording of Extraordinary Income
Shinagawa Reflora Co., Ltd. announced the transfer of rental real estate in Setagaya, Tokyo and Saitama City, Saitama Prefecture, and plans to record approximately 2,430 million yen of extraordinary income in the fiscal year ending March 2026.
Key Figures
- Gain on Sales of Fixed Assets: Approximately 2,430 million yen (expected to be recorded as extraordinary income)
- Transferred Assets (Setagaya, Tokyo): Land 1,477㎡・Building 4,124㎡
- Transferred Assets (Saitama City, Saitama Prefecture): Land 4,139㎡・Building 5,680㎡
AI要約
Overview of Fixed Asset Transfer
At the board meeting on March 5, 2026, Shinagawa Reflora Co., Ltd. resolved to transfer rental real estate located in Chitosedai, Setagaya-ku, Tokyo, and Urawa-ku, Saitama City, Saitama Prefecture. The purpose of the transfer is to strengthen the financial structure through repayment of interest-bearing debt and to secure investment funds for sustainable growth. Although the transfer price and book value are undisclosed, the transfer is at a fair price reflecting market value, and the gain on transfer is expected to be recorded as approximately 2,430 million yen of extraordinary income in the fiscal year ending March 2026.
Impact on Shareholders and Future Outlook
The transferee is a domestic corporation with no capital, personnel, or transactional relationships. Revenues from the transfer will be allocated to the repayment of interest-bearing debt and growth investments, therefore the previously announced annual dividend forecast of 90 yen as of May 15, 2025, remains unchanged. The company will continue to promote asset sales to maintain a sound financial structure while advancing growth strategies aiming to enhance corporate value. The transfer agreement is scheduled to be signed on March 6, 2026, with property handovers to proceed sequentially from March 11 onwards.
